In 2020 I used a different company to file my taxes, and maybe there was an error in their system. Anyway, it feels good to be getting some understanding and moving forward to solve this. I have a couple more questions before I make a decision on how to proceed. I definitely shot myself in the foot by waiting to file this year. I wasn’t expecting it to be so complicated.
1) If I don’t file the extension and correct the previous returns, will I be taxed the 6% penalty forever?
2) Why didn’t removing the excess through the custodian correct the issue?
3) If we contribute about $2,000 less than the family limit for 2023, would that resolve the issue?
I greatly appreciate your responses, and you taking the time to help me work this out.
